Virtus Alternatives Diversifier Fund Market Value
| VADIX Fund | USD 13.24 0.08 0.61% |
| Symbol | Virtus |
Virtus Alternatives 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Virtus Alternatives' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Virtus Alternatives.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Virtus Alternatives on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Virtus Alternatives Diversifier or generate 0.0% return on investment in Virtus Alternatives over 30 days. Virtus Alternatives is related to or competes with Capital Income, Capital Income, and Capital Income. The fund seeks to achieve its objective by investing its assets in a mix of underlying affiliated and unaffiliated mutua... More
Virtus Alternatives Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Virtus Alternatives' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Virtus Alternatives Diversifier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.783 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.9977 |
Virtus Alternatives Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Alternatives' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Alternatives' standard deviation. In reality, there are many statistical measures that can use Virtus Alternatives historical prices to predict the future Virtus Alternatives' volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.0055 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0934 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Alternatives' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Virtus Alternatives Backtested Returns
We consider Virtus Alternatives very steady. Virtus Alternatives owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Virtus Alternatives Diversifier, which you can use to evaluate the volatility of the fund. Please validate Virtus Alternatives' Semi Deviation of 0.5073, coefficient of variation of 843.06, and Risk Adjusted Performance of 0.0739 to confirm if the risk estimate we provide is consistent with the expected return of 0.0666%. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virtus Alternatives' returns are expected to increase less than the market. However, during the bear market, the loss of holding Virtus Alternatives is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Virtus Alternatives Diversifier has insignificant reverse predictability. Overlapping area represents the amount of predictability between Virtus Alternatives time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus Alternatives price movement. The serial correlation of -0.18 indicates that over 18.0% of current Virtus Alternatives price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Virtus Alternatives lagged returns against current returns
Autocorrelation, which is Virtus Alternatives mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Virtus Alternatives' mutual fund expected returns. We can calculate the autocorrelation of Virtus Alternatives returns to help us make a trade decision. For example, suppose you find that Virtus Alternatives has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Virtus Alternatives regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Virtus Alternatives mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Alternatives mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Alternatives mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virtus Alternatives Lagged Returns
When evaluating Virtus Alternatives' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Alternatives mutual fund have on its future price. Virtus Alternatives autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Virtus Alternatives autocorrelation shows the relationship between Virtus Alternatives mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Alternatives Diversifier.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Virtus Alternatives Correlation, Virtus Alternatives Volatility and Virtus Alternatives Alpha and Beta module to complement your research on Virtus Alternatives. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Virtus Alternatives technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.